Shanghai Electric Group (OTCMKTS:SIELY) Shares Gap Down - Time to Sell?

Key Points

• Shanghai Electric Group's shares gapped down from a previous close of $12.30 to an opening price of $11.55 on Wednesday, with the last traded price at $11.60.
• The company's 50-day and 200-day simple moving averages are significantly lower at $9.09 and $7.50, respectively, indicating potential downward momentum.
• Shanghai Electric operates in three segments: Energy Equipment, Industrial Equipment, and Integration Services, providing a range of solutions from power generation to intelligent power supply systems.

Shanghai Electric Group Co., Ltd. (OTCMKTS:SIELY - ) gapped down before the market opened on Wednesday . The stock had previously closed at $12.30, but opened at $11.55. Shanghai Electric Group shares last traded at $11.60, with a volume of 416 shares traded.

Shanghai Electric Group Stock Performance

The firm's 50 day simple moving average is $9.09 and its 200 day simple moving average is $7.50.

About Shanghai Electric Group

Shanghai Electric Group Co, Ltd. provides industrial grade green intelligent system solutions in Mainland China and internationally. The company operates through three segments: Energy Equipment, Industrial Equipment, and Integration Services. The Energy Equipment segment designs, manufactures, and sells nuclear power, energy storage, wind power, coal-fired power generation and corollary, and gas-fired power generation equipment; and vessels for chemical industry, as well as provides power grid and industrial intelligent power supply system solutions.

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